Life Insurance in Louisiana
No one wants to think about life insurance, because it is often attached to bigger questions about our own lives and all of the people that we love. The truth is, life insurance is one of the easiest and most affordable ways you can protect your entire family and ensure their prosperity in the event of your death. From funeral costs to lack of income from the deceased, one of the biggest financial tolls a family can undergo is the loss of a provider in your household. Rest easy knowing that a small premium each month can potentially save your family from having to sell your home or sell off valuable and sentimental objects to pay for the mortgage and kids’ tuition.
Simply put, life insurance is indispensable if you have a family, and you want to have a real and tangible future in the event of illness and death. A brief list of things covered by life insurance includes: Final expenses (funerals), college or school tuition for children, medical or credit card debt, replacement of the deceased’s income, pay off business partners of the deceased, or to pay estate sale taxes. If you have a question about something not included in this list, please don’t hesitate to call our office.
Whole Life Vs. Term Insurance: What Does It Mean?
Whole Life Insurance is considered the premium, top tier level of coverage. What sets Whole Life Insurance apart from Term Life insurance is that a portion of your premiums are invested to keep the overall cost of your insurance down, often resulting in a higher premium for the same amount of coverage.
Term Life Insurance, on the contrary, offers no investment of a portion of your premium, and no coverage is available after the term date on the policy, which can range from 1-30 years, depending on your plan, and your premiums may be subject to rate increases over the lifespan of your policy.
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